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Jacobs Solutions Inc. (NYSE: J) is a global leader in providing comprehensive engineering, design, procurement, construction, and maintenance services. With a workforce of approximately 60,000 employees, Jacobs Solutions operates across diverse sectors, including water, transportation, healthcare, technology, and chemicals. The firm also excels in delivering cutting-edge cyber engineering and security solutions to industrial, commercial, and government clients worldwide.
In fiscal 2023, Jacobs Solutions reported robust financial performance, generating $16.4 billion in revenue and $1.3 billion in adjusted operating income. The company's expertise extends to areas such as water treatment and desalination, where it consistently ranks at the top of Engineering News Record's list of design firms.
One of the company's recent significant achievements is its selection by Water Corporation in Western Australia to design, build, operate, and maintain the Alkimos Seawater Desalination Plant in Perth. This project, in alliance with ACCIONA and Water Corporation, aims to produce up to 26 billion gallons of drinking water annually, addressing water scarcity driven by climate change and population growth.
Jacobs Solutions is also heavily involved in other high-profile projects, including a collaboration with the UK Atomic Energy Authority on engineering design services for fusion energy research, and the development of a new nuclear power plant design for the UK's National Nuclear Laboratory. Moreover, the company is managing a large-scale wastewater treatment plant expansion in Hamilton, Ontario, and enhancing Omaha's wastewater collection network with its Aqua DNA digital solution.
In terms of strategic development, Jacobs is progressing towards the separation and merger of its Critical Mission Solutions and portions of its Divergent Solutions business with Amentum, expected to close in the second half of fiscal 2024. This move is aimed at optimizing the company’s focus and creating more shareholder value.
For the latest updates, news, and developments about Jacobs Solutions Inc., visit their official website or follow them on Facebook, Instagram, LinkedIn, and X.
Jacobs (NYSE:J) has marked a significant milestone with the successful on-orbit performance of its Mango One satellite, launched on January 24, 2021. The satellite is performing RF survey missions using advanced AESA technology, paving the way for affordable space radar solutions. Jacobs aims to cut space radar costs by 50% compared to legacy systems, leveraging commercial 5G technology investments. This achievement aligns with Jacobs' strategic vision in the aerospace and defense sector, following its acquisition of KeyW. Jacobs posted $14 billion in revenue and employs approximately 55,000 individuals.
On March 30, 2021, Saint Paul Regional Water Services (SPRWS) selected Jacobs (NYSE:J) for a significant project to enhance the McCarrons Water Treatment Plant, marking the largest capital investment in SPRWS history. The plant, operational since the 1910s, produces 40 million gallons of drinking water daily for 450,000 residents. Upgrades will include lime softening and ozone facilities aimed at improving water quality and reliability, with project completion expected by summer 2025.
Jacobs has been awarded a contract to support the U.S. Air Force's Architecture and Engineering needs globally through the AE Next Program, valued at $2 billion. The contract includes a five-year base period with a five-year renewal option, focusing on professional design and engineering services for projects such as facility renovations and infrastructure development. Jacobs aims to provide innovative, sustainable solutions while reducing life cycle maintenance costs. The company's revenue stands at $14 billion, with around 55,000 employees.
Jacobs (NYSE: J) has been chosen as the lead consultant for the West Yorkshire Mass Transit program by the McBains consortium. This initiative aims to develop a sustainable transit system in West Yorkshire, enhancing connectivity for its 2.3 million residents and a £70 billion economy. Jacobs will create designs and strategies to support climate goals and inclusive growth, focusing on zero-carbon solutions. This commission is part of West Yorkshire's devolution deal with the government, marking a significant step in regional transit development.
Jacobs (NYSE:J) has secured a cost-plus-fixed-fee contract valued at over $60 million to support the West Desert Test Center (WDTC) at Dugway Proving Ground in Utah. This five-year contract emphasizes Jacobs' role in enhancing U.S. defense capabilities against chemical, biological, radiological, nuclear, and explosive threats. The company, an established partner of the Department of Defense since 2004, will offer expertise in CBRNE defense operations and conduct extensive testing and training exercises. With approximately $14 billion in revenue, Jacobs remains committed to global safety and preparedness.
Jacobs announced its partnership with IronNet to become a Managed Security Service Partner (MSSP). This collaboration aims to enhance the detection and prevention of sophisticated cyber threats in both public and private sectors. IronNet's advanced cybersecurity solutions will complement Jacobs' existing capabilities, aiding organizations against nation-state cyberattacks. With approximately $14 billion in revenue and a workforce of 55,000, Jacobs emphasizes its commitment to addressing complex security challenges and enhancing national security resilience.
Jacobs (NYSE:J) has been appointed as the Program Management Consultant for the Delhi Noida International Airport (DNIA) project by Yamuna International Airport Private Limited. This greenfield development will encompass a new terminal, runway, and various facilities across 3,300 acres, aiming to handle up to 12 million passengers annually upon completion in 2024. The airport aims to alleviate congestion at Indira Gandhi International Airport, expected to surpass 100 million passengers by 2030. Jacobs' expertise will enhance operational efficiency and environmental sustainability in this significant infrastructure project.
Jacobs (NYSE:J) has been selected by Dounreay Site Restoration Ltd to lead the integrated design management team for a significant nuclear clean-up project in Scotland. The contract is valued at $10.4 million over 6.5 years, with potential for additional revenue. Jacobs will coordinate efforts to retrieve and repackage radioactive waste from the Dounreay shaft, extending 214.5 feet below ground, and its associated silo. This initiative aims to contribute to the safe disposal of legacy waste, moving forward with DSRL's clean-up objectives.
Jacobs has acquired a 65% stake in PA Consulting, a leading innovation firm, for an enterprise value of £1.825 billion ($2.5 billion). This strategic move aims to enhance Jacobs' innovation capabilities in addressing challenges like climate change and healthcare. The partnership received overwhelming approval from PA employees, with 99.9% voting in favor. PA Consultant's CEO emphasized the alignment of cultures and values between the two firms. The deal, finalized on March 2, 2021, was funded through cash and existing debt.
Jacobs (NYSE:J) has extended its 30-year partnership with the New York City Economic Development Corporation (NYCEDC) for an additional five years, valued at $20 million. The contract includes crucial maritime engineering consultative services related to inspection and maintenance management of city-owned maritime infrastructure. Jacobs is expected to enhance essential facilities, including cruise terminals and marine facilities for various city departments. With $14 billion in revenue and a workforce of approximately 55,000, Jacobs aims to support NYCEDC's waterfront infrastructure.
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